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The best travel credit cards in Canada for 2024
– moneysense.ca
Credit Cards
The best travel credit cards in Canada for 2024
From points to perks, a good travel credit card can make your trip more affordable, more comfortable and even more secure.
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Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers…
The best credit cards for bad credit in Canada for 2024
– moneysense.ca
Spend
The best credit cards for bad credit in Canada
Did you know there are credit cards specifically for people who have a low or no credit score? We’ve rounded up the best cards that can help build your credit.
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By Keph Senett on July 11, 2024Estimated reading time: 10 minutes
Maybe you’re one of the many Canadians who missed a debt payment in the last year. Or maybe you’re a newcomer to Canada, or you’re a young person who hasn’t established a credit history yet. Whatever the reason for your low or non-existent credit score, you’ll need to show lenders that you can handle credit responsibly. The credit cards on this list can help you do that, and they are accessible to most applicants, regardless of their credit history.
CategoryCredit CardBest overall secured credit card for people with bad creditHome Trust Secured Visa*Best secured credit card for rewardsNeo Secured Card*Best credit card for bad creditCapital One Low Rate Guaranteed MastercardBest credit card for newcomers to CanadaScotiabank Momentum No-Fee Visa*
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999…
Wealthsimple Cash review 2024
– moneysense.ca
Wealthsimple Cash is a high-interest chequing/savings account that offers one of the highest interest rates in Canada. It has appealing yields and includes a prepaid Mastercard with no foreign exchange fee, so many consumers are naturally attracted to the account. Is it any good? The short answer is yes, but there are a few quirks to be aware of.
What is Wealthsimple Cash?
Wealthsimple started as a robo-advisor offering low-cost portfolio management, but it has since expanded to provide more products and services, such as self-directed investing (under Wealthsimple Trade), tax returns, mortgages and savings accounts.
Wealthsimple describes the Cash account as a high-interest chequing account. That label is important: it’s what allows Wealthsimple to claim it offers the highest interest rate in Canada. (A few high-interest savings accounts, or HISAs, offer similar interest rates.)
Wealthsimple also incentivizes customers to spend the money in their account by offering rewards on purchases, which is likely another reason it’s referred to as a chequing account instead of a savings account…
